Farmers Insurance Review

I have had auto and home insurance with Farmers for three years.  You don't need insurance until you need it.  And when that time came, I was a bit disappointed.  Most companies offer replacement value - Farmers offers depreciation value.  When my vehicle was broken into in my driveway and my professional photo gear and notebook have been stolen, Farmers estimated the depreciated value to be less than half of the cost to buy the same equipment used on eBay.  Price of my top of the line notebook was estimated to be $250. 

On top of that, they were making me pay $8 per month in "draft fees", to cover automated bank drafting on my monthly premium payments.  Structure of payments has been very strange and I never took the time to really break it all down - too complicated.

I switched to Nationwide insurance for all vehicles and home.  They provided replacement cost, not depreciated cost.  In addition to a much lower deductible on comprehensive and collision, I will also gain annual savings over $1,200 by booting Farmers and switching to Nationwide.  And that I am taking straight to the bank.